(TheNewswire)
Edmonton, Alberta – TheNewswire - May 30, 2024 – Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW); (OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable independence announces a Bitcoin Lightning Network channel collaboration whereby LQWD (TSXV: LQWD); (OTCQB: LQWDF), a leading Lightning Network infrastructure and liquidity provider will point Lightning Network liquidity to the Bitcoin Well Lightning Node to support routing Bitcoin Well customer payments.
LQWD has successfully pointed liquidity from its Canada, France and Singapore lightning nodes to Bitcoin Well, who announced the successful launch of Bitcoin Well Payment Addresses earlier this week. The partnership will be mutually beneficial as the LQWD network will begin to route Lightning Payments made by Bitcoin Well customers.
Bitcoin Well now enables its customers to send bitcoin via the Lightning Network to a dedicated Lightning Payment Address (“Payment Address”). This dedicated Payment Address will automatically convert the bitcoin into dollars and immediately send them to the customer’s bank account. Bitcoin Well has over 18,000 unique user sign ups. To learn more about the Bitcoin Well Payment Address system please refer to the company’s blog.
“Having the routing capability of LQWD behind us is a massive benefit,” said Adam O’Brien, founder and CEO of Bitcoin Well. “Their Canada node is ranked in the top 10 of global nodes and will ensure our customer’s transactions are routed efficiently”
"We are thrilled to collaborate with Bitcoin Well in enhancing the efficiency and reach of the Lightning Network,” said Shone Anstey, CEO of LQWD. “By providing our readily available liquidity resources, we are not only improving transaction speeds and reliability for Bitcoin Well customers but also advancing our shared goal of making bitcoin more accessible and practical for everyday use. This collaboration underscores our commitment to innovation and excellence in the Bitcoin ecosystem."
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
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Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O’Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
About LQWD Technologies Corp.
LQWD (TSXV: LQWD; OTCQB: LQWDF), is a Canadian-based leading Bitcoin Lightning Network global infrastructure and liquidity provider. Since launching its global routing network, LQWD has routed over 550,000 transactions and 570 Bitcoin. LQWD also owns 115 Bitcoin and has no debt with approximately 13.2 million shares outstanding.
LQWD contact information:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email:ashley@lqwd.money
Website:www.lqwdtech.com
X: @LQWDTech
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon.Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
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